EY gave me a bonus to pay back previous company for my MBA- which I was taxed on. Can I do anything from a tax standpoint

like
Posting as :
works at
You are currently posting as works at

Not that I'm aware of. Education expenses that are reimbursed are considered compensation and not business expenses. And your bonus from EY would just be a bonus anyway.

like

Don't you work at a tax firm? Why are you asking us?

like

SM1, that's really helpful of you. Maybe OP is in advisory and doesn't know anybody in tax, especially because they started they are new to the firm.

like

What does Ey cover in terms of tuition?

No. It's comp. Often though, firms will 'gross up' the amount to cover the tax hit. You may also be able to deduct what you had to pay back. That would help level you out.

If the money went to pay back your old employer, couldn't deduct that from income? Which would net out with the "bonus" from EY?

Net-net, you shouldn't be paying any additional taxes as if that was a bonus

Not sure you can get SS and MC back. Might be in a higher bracket now though.

Related Posts

Will I get this LTA component along with my salary? Also what would be my approx inhand ?
Exp 8 Years

Post Photo
likehelpfulfunny

Anybody knows ITA M3 salary for Houston and Austin?

like

My boyfriend and I make 200K combined and live in NJ. We have $1000 in monthly car payments combined. That’s all we owe. Our credit scores are in the 800s. We have 50K to put down on a home. We have done the math and I know we can afford much more but he doesn’t want to buy more than a 400K home. I’m almost positive we can afford 500K and be more than ok. But then he starts to talk about how much kids cost and how we will be house poor and we won’t be able to afford kids. 🤔 Am I insane??

likehelpful

Do all FAANG companies offer a joining bonus?

likehelpful

What’s average salary in ID firm mid size (NY) about 350 attorneys ? Class of 2019 but was in public sector (criminal law) for 2 years! 2000 billable hours minimum

like

What is the typical salary range in NYC for a strategy director with 6.5/7 years of experience? Was offered 100K but seems low.

like

Hello
Anyone here in Corporate Banking at a BB? Is base comp same as IB (85~) with a smaller bonus %? I keep reading conflicting reports online and would love to hear from anyone in CB (or just their day to day and experience in general)

Hi,

If total CTC offered is 9LPA in TCS, what will be in hand salary ?

like

First gen, first year lawyer here. What do you do when you have family members who expect money from me every paycheck. I try to stand my ground but I get guilt tripped, especially when those family members were there for me.

It’s getting hard to save money when there is this expectation that I must give them money every paycheck. It feels like I have nothing for myself.

likesmart

Hi y’all! Was curious: what % of base salary is a typical signing bonus like for Account Executives? Trying to discern my offer. I have six years in Sales within a banking context, but this is a role in SaaS working with small businesses.

like

Have a comp call today for L65... what to expect?
Role is program management - non technical
LCOL - Texas area non Austin metro

like
like

Can you share first year salary for midsize firms? I'm in NJ, but curious to hear other markets. Also billable targets? Thanks!

like

I cleared Accenture interview and today got an email to upload documents on their portal. Also, got a call from HR and she asked about the salary expectations and other details. And few minutes later I found that my profile has been put on hold.

question is, they will negotiate with me or they have rejected my profile ?

like

3D printing. Industry on the uptrend, and most stocks still massively off their 2014 highs.

SSYS would be a 6x return just to get back to ATH, and has been flat for 5 years. It’s currently at the low end of that range. That tells me that the risk is low compared to the potential/likely reward over enough time. Using this kind of strategy was successful for me with crypto. What do folks think here?

Anyone have other similar investment ideas?

like

Does anyone stress about student loans? I have $176k in loans and as January gets closer, the panic attacks have gotten worser. I am in-house at a Real Estate company (making $90k), which is terrible bc they are going under due to the market. I am working to transition to big law for pay, job security and more technical skills. I am a 2019 grad and it just seems so hard to break into big law.

I just need advice on what to do. My mind is scattered and stressed! Thank you in advance!

like

What is the average paralegal salary in NC for a commercial real estate law office? I’ve been with a great firm for the last 9 years but am starting to wonder if I’m being compensated fairly. The company is about 30 employees (mostly attorneys) but I work primary for 4 of the attorneys.

like

Does salary increases after probation period in Natwest gurgoan?

I have a little over a year of experience as a Partner Success Manager at a Tech company. My company is looking to do salary negotiations this year. When I started out, my base was 70k plus commission of 10k minimum extra. Curious to know what others are making as a PSM and also looking for other opportunities!

like

I have a good blockchain understanding and have been taking lessons/certification courses as well. I'm looking to gain practical experience and want to pursue blockchain as a career. For those who are in the industry, what's the best way to make this transition?

like

More Posts

Any book recommendations that are must reads/made a significant impact on you?

likesmarthelpful

@Apple

Would love to work at Apple but no relevant role come up on official site where always getting sent to.

Any ideas how else to get foot in?
Connected with Apple recruiters on Linkedln and potential recruitment agencies but all dead ends.

London UK based Marketing Comms FTC/Perm roles with 12 years experience. Thanks in advance

like

What is the typical annual bonus for an MBA associate @ McKinsey in London.
I’ve heard it ranges from 5-20% but it seems too vague.

like

Happy Halloween, my fellow Tech Pros! I love this Holiday, anyone come up with a creative costume to wear at work?

Heya guys, actively looking for a senior/staff optical engineering position if anyone knows of anything let me know 😬

like

Can someone please advice me how to get into Managerial positions or similar positions with little to no coding… as coding takes most of my time and i start to hate it recently. I wish to manage people and move forward into higher position’s holding accountable and receiving recognition which can solve business issue than breaking my head why my code breaks. I am right now in SE II

like

After how many years of joining American express I can go for IJP?

like
like

How to renegotiate with pwc for more fixed

likefunny

For those who have started traveling again... I recently started flying for work and am noticing increased discrimination on Delta Airlines. As a brown person have experienced that in the past, but lately it’s blatant. I’m a diamond and a million miler however, I see more and more out of turn upgrades. Have you experienced and what dis you do about it?

Why do clients always think I should be able to double their ROI right away... it takes time folks, and putting extra pressure on the marketing team does not make us faster

like

Just a lil something to smile 😊

Post Photo
likefunny

27yo single male trying to plan my birthday next month. 8 bros are flying in from San Diego. Would love your suggestions for fun things to plan!

like

Can some one refer me for finance transformation role at Deloitte?

like

Hello Fishes, I'm planning to join Deloitte india in the second week of November, I have got a designation of "Manager". I'm from a technical background (SF DevOps).

May I know what would be the roles and responsibilities with this designation? Am i supposed to be managing some team/people?? or work within some team on my particulars. Checked with the recruitment team but they seems to either not interested or not sure about the same.

YOE - 8.6
Location - Pune

appreciate your help.

like

Which is better to join between IBM and Deloitte India? IBM giving band of 6B with salary 11.5lpa fixed and 1LPA JB Deloitte india giving the designation of Consultant with salary 13lpa fixed and 1.3 lpa valiable Tech stack : Front end Developer Reactjs YoE : 3.5 years Please help me to decide as i have heard there is no WLB in deloitte Big4 IBM Deloitte IBM

like

Well, that's a new trend.

Post Photo
like

Does having an excellent advertising pedigree give you the right to treat people badly? Any advice on dealing with extremely rude and extremely smart strategy humans ...

like

What are benefits of working with a content strategist on a project?

What are strong must-have traits of a good content strategist?

Trying to build a case for my agency to hire our first CS!

like

When sending a cold email to a recruiter, should you include a reason why you’re interested in the agency? Or keep it short and sweet with your book, resume and what you’re looking for?

Additional Posts in Consulting

Does anybody have good electric standing desk recommendations? Ideally in the $200-300 range.

like

So I’ve been studying for the AWS cloud practitioner certification for a month now and completed all cloud quest levels but still not feeling 100% confident. Has anyone tried the exam question dumps ? There are so many websites but not sure which one is the most reliable one as all of them you would have to purchase such as pass-guaranteed, certwizard, etc.. any recommendations is greatly appreciated

like

24, one year in with my firm and just no clue what to do with myself. I have some passion for the music industry in general, studied a lot concerning health & healthcare but not sold on a MD...just feeling stuck with indecisiveness on top of the current climate. Tips?

like

Consultants the new analysts?

like

Can someone tell me why tf anyone would ever travel in a suit on a Sunday evening?

like

Discussion post: I feel almost all consulting firms are the same. Mbb, big 4 etc. if you are paid enough there is probably less wlb. If there is good wlb there is not much money. Can you single out a company that you can confidently say pays very well and also has good wlb and also has good opportunities etc.?

like

I’m sick of the word ‘digital’. This is such fluffy BS.

likehelpful

Never seen people switch up on me so fast than after updating my LinkedIn to show my move to FAANG. They hitting me up like how are you , what’s up. Like dawg you ain’t hit me in 2 years when I was at KPMG and we bros now all of a sudden 🤦

likefunny

Analytics position in PAS at EY. 5 yrs relevant experience. Any idea on level/comp? HCOL.

like

If I just chill on the bench for long will I still only get fired at the end of the year?

like

I tried asking this in my own bowl with no responses, so seeing if other consultants have run into this situation. I’m on parental leave, I got an offer for another firm, great opportunity and pay. How does one go about a resignation mid-leave when you would start the new job before the leave ends? Two weeks notice or just say I am not returning effective the day of the new job? Any things to consider besides potentially repaying the employer healthcare premium?

like

Best advice for new analysts or graduates?

like

What is the value in professional certifications? ACCA, CFA, CIPD, etc.

like

Your conversation points for today

Post Photo
likefunnyuplifting

Has Deloitte started the lay offs? Link-https://www.reddit.com/r/deloitte/comments/ww02l3/fired/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Post Photo
like

What’s a typical salary for a new partner at IBM? About to get an offer in the GBS group and want to know what’s reasonable.

like

Best consulting firms to work for that will allow 100% remote work indefinitely regardless of what clients do?

like

Houston downtown JW vs Westin.. Thoughts?

like

Y’all Product Mgmt folks feel me? 😀

Post Photo
likefunnysmart

Which Canadian B school MBB or other top consulting firms regularly recruit from?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal